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bp, the global integrated energy company and Schneider Electric, the leader in the digital transformation of energy management and automation, have signed a Memorandum of Understanding (MoU) to help decarbonise high-emission customers, in Australia, the European Union, U.K. and U.S.

ATRJan322bp and Schneider Electric intend to explore business models to enable customers to lessen the risk and capital investment of decarbonisation. (Image source: Adobe Stock)

Under the terms of the MoU, bp and Schneider Electric intend to combine skills and capabilities to define and scale integrated energy solutions for cities and commercial and industrial customers in hard to abate sectors, such as high emission transportation and heavy industry.

bp and Schneider Electric’s combined complementary skills in consulting, designing, building and operating decarbonised energy systems will help companies to achieve their decarbonisation targets. 

William Lin, EVP, regions, cities and solutions, bp said, “Schneider Electric’s expertise is complementary to ours, opening up more opportunities for us to jointly help energy systems decarbonise. Combining bp’s energy supply capabilities with Schneider Electric’s microgrid and energy management technologies means that together we can offer clean, efficient and resilient solutions to better meet our customers’ needs.”

Schneider Electric will provide decarbonisation expertise and electricity 4.0 technologies to help design and operate critical or energy-intensive power systems. Schneider’s microgrid platform can integrate on-site renewable power, reliable backup systems including battery storage, electric vehicle infrastructure and associated energy retail services.   

bp brings together technologies and businesses including solar, wind, hydrogen, biofuels and electric vehicle charging, to provide innovative, integrated ‎and decarbonized energy solutions at scale to help cities and large corporates reduce their carbon emissions.